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Medibank Private Sale

The sale of Medibank Private which is to be floated on the Australian stock market in November is projected to raise between $4.3 billion and $5.5 billion for the Australian government. Shares are expected to be sold for between $1.55 and $2 each. It was announced in October that the privatisation of Medibank will see the government-owned insurance company enter the top 100 companies on the ASX.